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198 Philippines News
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UnionBank Customers Offered Php 10,000 in SMS Phishing Scam

by 198 Philippines News
February 15, 2022
in PHILIPPINES TECHNOLOGY NEWS
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It appears that evidently scammers are nonetheless on a roll even throughout Valentine’s Day, as analysis agency Cyren experiences that clients of UnionBank have been the most recent victims of an SMS Phishing assault, the place they have been provided Php 10,000 as a deal with for being a “loyal buyer” of the financial institution. Some UnionBank customers obtained the suspicious SMS as early as February 3, the place clicking by the hyperlink brings them to a phishing website that fronts as a UnionBank login web page. The URL went by two or three redirects, and Cyren provides that the mentioned URL was hosted by multiple area.

Whereas Cyren Detection Applied sciences Senior Supervisor Magni Sigurðsson couldn’t affirm what number of accounts have been affected, they speculate that these concerned within the phishing scheme have been almost certainly from the Philippines. “The truth that the assault is distributed by way of SMS textual content message may make them extra plausible. We’ll see related assaults, however the attackers will alter or make modifications to how they ship out these assaults,” Sigurðsson mentioned.

Given how refined phishing schemes are today, Cyvatar Vice President for Member Supply Dave Cundiff means that one ought to by no means belief an SMS sale or deal. “If it appears to be like like a superb providing, I might go to the web site of the financial institution or retailer impartial of the SMS message and if there’s a deal it’s going to often be listed on the account web page or on my retailer web page after I login. That’s at all times the most secure method of verifying the validity of SMS messages,” Cundiff provides.

Previous to this, BDO was concerned in an enormous hacking incident the place round 700 account holders misplaced as a lot as Php 100,000 in unauthorized transactions, the place the cash was transferred to a number of UnionBank accounts and was used to buy Bitcoin.

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